Business
BIA Approval of Irrevocable Letter of Credit
Quantum Helium Limited has received formal approval from the U.S. Bureau of Indian Affairs for the Irrevocable Letter of Credit, a crucial regulatory milestone for advancing operations at the Sagebrush Project. This approval follows constructive engagement with the BIA and clears a prerequisite for the assignment of leases and formal designation of operatorship, both of which are progressing positively. With all long-lead items secured for the extended production test, the company is focused on completing these final steps and moving efficiently towards testing and development across its Colorado portfolio in 2026. Disclaimer*
About this update from Quantum Helium Limited
[{"type":"text","content":"\n\n\n \n26 January 2026\n \nQuantum Helium Limited\n(\"Quantum\" or the \"Company\")\n \n \nBIA Approval of Irrevocable Letter of Credit\nQuantum Helium Limited (AIM: QHE) is pleased to announce that the Irrevocable Letter of Credit (\"ILOC\") required for bonding has now been formally approved by the U.S. Bureau of Indian Affairs (\"BIA\").\nApproval of the ILOC marks an important regulatory milestone for the Company and reflects the strong and constructive engagement that has taken place with the BIA over recent weeks. This approval clears an important prerequisite for the advancement of operations at the Sagebrush Project.\nWith the ILOC now approved, the next steps are the assignment of the relevant leases and the formal designation of operatorship, both of which are progressing with the BIA. The Company notes that discussions with the BIA have been positive and productive, and momentum across the process continues to build.\nHoward McLaughlin, Chief Executive Officer of Quantum Helium, commented: \"We are very pleased to have received BIA approval of the Irrevocable Letter of Credit. This outcome follows a number of highly constructive meetings with the BIA and confirms that the process is now moving forward positively. With this key milestone secured, we are now focused on completing assignment and operatorship and moving efficiently toward the extended production test at Sagebrush.\nAll long-lead items required for the extended production test have now been secured, allowing the Company to move forward with confidence as soon as final approvals are in place. I would like to thank our shareholders for their patience and continued support, and we look forward to a strong and highly active 2026 as we progress towards testing and development across our Colorado portfolio.\"\nEnquiries:\n\n\n\n\nQuantum Helium Limited\nCarl Dumbrell\nChairman\n \n\n\nNOMAD and Joint Broker\nSP Angel Corporate Finance LLP\nStuart Gledhill / Richard Hail / Adam Cowl\n+44 (0) 20 3470 0470\n\n\n\n\nBrand Communications\nAlan Green\nTel: +44 (0) 7976 431608\n\n\nJoint Broker\nCMC Markets UK Plc\nDouglas Crippen\n+44 (0) 020 3003 8632\n\n\n\n\n \nUpdates on the Company's activities are regularly posted on its website: www.quantum-helium.com\n \nNotes to editors\nQuantum (AIM: QHE) is a helium, hydrogen and hydroca...